Eurozone private sector activity expanded at the fastest pace in ten months in March underpinned by the pickup in manufacturing output and a strong upturn in services activity, thus diminishing fears of recession at the start of the year.
The final composite output index rose to 53.7 from 52.0 in February, results of the latest purchasing managers' survey by S&P Global showed Wednesday. However, the score was below the preliminary estimate of 54.1.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.